Annabella quiroga
11/02/2020 12:30
Clarín.com
Economy
Updated 11/02/2020 15:06
This Monday, the blue dollar moves up and down at the start of the week.
It opened at $ 169, $ 170 and climbed
past the
noon drops to $ 168
, so it takes up the downward trend of recent days.
Last week it dropped 26 pesos after having touched a peak of $ 195 that it had touched 10 days ago.
With last week's decline, the blue
cut the exchange gap
from 150% to 116%.
An additional condiment of this Monday is that with the start of November the quota of US $ 200 per month of savings dollar was renewed.
But with the multiple restrictions that the Central Bank established in the mid-September super-cap, only
one in four people
who had been using the $ 200 quota was enabled to operate in this way.
For this reason, it is estimated that
purchases fell 72%
already in October
due to these limitations.
According to data from the Central Bank accessed by Clarín, savers would have bought US $ 180 million, against US $ 643 million in September.
Thus, in October it is estimated that
only one million people
were able to buy and the same would happen in November.
In one of the main private banks in the country, they indicated that operations "are very similar to the first business day of October. They represent between 25 and 30% of what was sold in September."
In this scenario, Minister Martín Guzmán chose to send more "friendly" signals to the markets at the start of this week.
Thus, this morning, through a statement, it reported that for the remainder of the year it will
not request further assistance from the Central Bank
, after the high monetary issue that was made in the first part of 2020 to assist the Treasury.
"The Ministry of Economy announces that during November and December assistance from the Central Bank will not be requested from the Treasury in the form of temporary advances, after the cancellations made in recent days," it was explained in a statement released before the opening of the markets.
In this way, Guzmán shows signs of
greater fiscal austerity
, one of the demands of investors.
Last week the Government used a cocktail of instruments to ensure that the blue and the cash with liquid (CCL), the dollar that is used to extract foreign currency from the country operating with bonds, had a marked decline.
Interventions in the market to sell bonds that lower the price of the CCL, calls to the brokerage agencies to stop operating in this segment,
"friendly hands"
selling blocks of dollars in the blue to lower the price were some of the tactics used to
cut the incendiary streak that the parallel dollars brought.
This Monday
the cash with liqui opened with an increase of 0.9%
, which brings it to $ 149. Ten days ago it had touched $ 181. The MEP dollar, which allows you to acquire foreign currency operating on the Buenos Aires stock market, drops 0.3 %, at $ 142.8.
In the official segment,
the wholesaler opened at $ 78.70
, 38 cents up from Friday's close.
The retailer made a similar jump, which brings it to $ 84.26 in the average of the banks registered by the Central Bank.
Thus,
the saving dollar remains at $ 138.60.
For its part, country risk, the JP Morgan indicator that measures the over-cost that Argentina pays to place debt in relation to the United States Treasury,
drops 1.3%
to
1,463 basis
points.
In Buenos Aires
the Merval rises 1.6%.
The upward trend is also replicated in Argentine stocks listed in New York.
All ADRs show increases marked with peaks of 11% for Galicia and Macro banks.
AQ
Look also
October inflation exceeds 3% and the official dollar begins to beat the race
Guzmán announced that he will not request assistance from the Central Bank in the remainder of 2020
